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Translation, Editing/proofreading, Training
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Finance (general)
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German to English - Standard rate: 0.08 GBP per word / 23 GBP per hour Spanish to English - Standard rate: 0.08 GBP per word / 23 GBP per hour
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Sample translations submitted: 1
German to English: European Monetary System II General field: Bus/Financial Detailed field: Finance (general)
Source text - German SOURCE TEXT
Europäisches Währungssystem II
Um die Interessen der Mitgliedstaaten zu wahren, die nicht schon zum 1. Januar 1999 an der Währungsunion teilnehmen konnten, wurde das Europäische Währungssystem II (EWS II) entwickelt. Ziel: allzu große Währungsschwankungen zwischen dem Euro und den Währungen der Nichtteilnehmer solten verhindert werden.
Die Wirtschafts- und Währungsunion sollte Europa nicht in zwei Hälften teilen. Dies soll auf zwei Wegen erreicht werden:
(1) die Entwicklung einer engen finanz- und währungspolitischen Zusammenarbeit,
(2) die Festschreibung von Mechanismen und Regeln, die allzu große Währungsschwankungen vermeiden helfen.
Die "Pre-ins", die Staaten also, die noch nicht sofort an der WWU teilnehmen, sind zum einen im "Erweiterten Rat der Europäischen Zentralbank" vertreten. Dieses Organ soll den Dialog und die Konzertierung zwischen allen Zentralbanken der EU sicherstellen. Zum anderen erarbeiten sie im ECOFIN-Rat (Rat der EU-Wirtschafts- und Finanzminister) gemeinsam mit den WWU-Teilnehmerstaaten Leitlinien der Wirtschaftspolitik. Folgende Regeln gelten im EWS II:
• Höchste Priorität hat die eigenverantwortliche Sicherung der Preisstabilität.
• Der Euro ist der Anker des Systems. Nach ihm richten sich also die Leitkurse, ihm gegenüber werden die zulässigen Schwankungsbandbreiten definiert.
• Das neue System ist flexibler als das alte EWS, um Spekulationen zu begrenzen.
• Die Mitgliedschaft ist zwar nicht obligatorisch, aber Bedingung für den späteren Beitritt zur Wirtschafts- und Währungsunion.
Translation - English European Monetary System II
The European Monetary System II (EMS II) was developed to protect the interests of member states, who were not in a position to join the Monetary Union on 1 January 1999. The aim of the EMS II is to avoid large currency fluctuations between the Euro and the currencies of non-member states.
The Economic and Monetary Union aims to avoid dividing Europe into two halves. This will be achieved in two ways:
(1) By developing close cooperation on finance and currency policy.
(2) By setting up mechanisms and regulations which help to avoid large currency fluctuations.
On the one hand, the 'pre-ins', namely states who have not yet joined the Economic Monetary Union, are represented by an 'extended council of the European Central Bank'. This body will ensure that dialogue and negotiations take place between all Central Banks of the EU. On the other hand, guidelines regarding economic policy are worked on collaborately by EMU member States within the ECOFIN Council (Council of EU Economic and Finance ministers)
The following regulations apply to the European Monetary System II:
· The highest priority is that member states take responsibility to ensure that there is price stability.
· The Euro is the cornerstone of the system and as a result, the central currency rates are based on it and the permissible extent to which currencies can fluctuate, is determined according to it.
· The new system is more flexible that the former EMS in order to limit speculation.
· Although membership is not mandatory, it is a requirement for future accession to the Economic and Monetary Union.
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Graduate diploma - Institute Of Linguists, London
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Years of experience: 19. Registered at ProZ.com: May 2012.
Keywords: business, finance, investment, marketing, economic education, social sciences, reliable, tourism, attention to detail, high quality. See more.business,finance,investment,marketing,economic education,social sciences,reliable,tourism,attention to detail,high quality,. See less.
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